SA’s fiscal crisis: Dawie Roodt on debt, VAT, and the urgent need for economic reform

SA’s fiscal crisis: Dawie Roodt on debt, VAT, and the urgent need for economic reform

Economist Dawie Roodt discusses South Africa's worsening fiscal crisis.
Published on

Economist Dawie Roodt discusses South Africa's worsening fiscal crisis, emphasising the country's unsustainable debt levels, which now hover around 95% of GDP. He explains the ANC's failure to cut spending and its reliance on tax hikes, particularly a VAT increase, as the only way to generate revenue. Roodt warns that this approach risks deepening inequality and triggering social unrest. He also highlights South Africa's vulnerability to external financial pressures, particularly a potential bond market crisis. Roodt urges urgent fiscal reform and strong political leadership to avoid a catastrophic economic collapse and safeguard the country's future.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Support South Africa's bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here.

If you prefer WhatsApp for updates, sign up to the BizNews channel here.

Watch here

Listen here

Read also:

Related Stories

No stories found.
BizNews
www.biznews.com